I added value to this property by preserving its original architectural features while modernizing the interior.

The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or insurance advice.

Do some research into both areas to see which aligns best with your financial goals.Good luck, and feel free to reach out if you need more help!

You are dealing with your first eviction/rehab but if that happens again in 6 months and it takes months to evict will that financially stress you?

@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I'll let others chime in on their experiences, but from a motivational perspective, I think attending live events and getting the "conference high" is something that only happens through in-person connections and being in the same room with investors who are eagerly pursuing their real estate/financial goals. 

That had even a passing resemblance to tax returns or financial statements4.

The best combination in my opinion to have your real estate agent income in an S corp to reduce personal income tax (as long as it financially makes sense) and then buy real estate and cos segregate it and take bonus depreciation to offset against your income. 

Look up the courses taught by Justin Kivel, specifically the Pro forma modeling course and the real estate financial modeling boot camp.

@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?